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Shoe firm slips into negative equity
The firm reported in its financials that shareholder funds stood at a negative Sh42.2 million at the end of September, compared to a positive Sh30.1 million at the same period last year. FILE PHOTO | NMG
Shoe retailer Nairobi Business Ventures (NBV) has fallen into negative equity after recording a net loss of Sh9.5 million in the six months to September, this year, amid rising debt.
The firm reported in its financials that shareholder funds stood at a negative Sh42.2 million at the end of September, compared to a positive Sh30.1 million at the same period last year.
